Arbitrage
But you took a huge bet
on the housing crisis
in the middle of the biggest boom
in housing
anybody has ever seen. Why?
I'm a child of the '50s.
My father welded steel for the Navy
and my mother worked at the v.A.
They lived through the Depression,
Pearl Harbor, and the bomb.
They didn't think that bad things
might happen.
They knew that bad things would happen.
Is that what's happening now?
When I was a kid, my favorite
teacher was Mr. James.
Mr. James said world events all
revolve around five things.
M, O, N, E, Y.
This is freshman econ?
No, it was a fifth grade econ.
But this is something we've seen
over and over again.
Time and time again.
The competition for this limited
amount of dollars out there
can make the best of us manic.
So it's not surprising that we have
these asset bubbles.
But when reality sets in, of course,
they burst.
As worries over the pace of
economic growth here at home
and geopolitical turmoil weighed
on the broad averages.
Commodities continued a historic
run-up in price.
Take a look at the dramatic move
in copper prices, for example.
become a hotbed of activity.
You're disappointed.
Quants?
Derivative structures?
What was that about?
It makes no sense.
That's what you said last time.
Why'd we go down there?
- To sign.
- To sign?
- Did we sign?
- No.
No, we did not.
Instead, I flew 2,000 miles
for a marketing meeting.
Where was Mayfield?
What's this emergency?
What was that about?
You speak to the auditors?
Why?
What if we don't sign this week?
See you, bye.
Look who's here!
Wait a minute! How'd you know
I had something there?
No fighting! No fighting!
- We had to start. The kids were starving.
- That's okay.
Dad, it's your birthday.
You're spoiling them rotten.
It's my job! You guys turned out fine.
Debatable.
- How you doing, Son?
- How'd it go?
Where's my drink? This is mine here?
Happy birthday!
Hey, kids? Come on.
I need some help. I can't do this by myself.
First of all you've got to make a wish.
Make a really good wish.
Can you help me out?
Wish and then we go on three.
What are you going to wish for?
One.
Two. Three.
Awesome!
- Speech. Speech.
- Thank you. Thank you, thank you.
Thank you all very much.
It was such a surprise.
I didn't even know it was my birthday.
What did Mark Twain say about that?
He said, "Old age
is clearly a case of mind over matter."
"If you don't mind it doesn't matter."
I've done a lot of things in my life.
I've worked very hard.
But being here, looking around
at all these shining, radiant faces.
I know that my best work is right here.
In this room right now.
I'm deeply proud of all of you.
And that's the best gift your mom
and I could ever hope for. So thank you...
And to have sold the company
to Standard this morning.
Yes, that's true.
But no business tonight. No business.
Although your one-pointed mind
assures me that you have
not only your mom's genes,
you've got mine, too.
I know it's very uncharacteristic of me,
but I just want you to know
that it's probably taken these 6O years
for me to really understand
what's truly important. And that's you guys.
So, I love you all very much.
I'm not gonna lie.
I'll take a big piece.
You can wait.
You can wait a little while longer.
I just don't know about me as a mom.
No, no, no. You should have.
I want more kids. Everywhere.
I want more yous around.
It's all about you, isn't it? Four and 19.
All right.
So, what was that all about?
What?
The last time you gave a speech like that
we lost the bid to Firestone.
I don't know. I just wanted it to be
about the family tonight.
Did you see this?
Yeah.
You know how I feel about that. Trashcan.
Peter has a copy pinned up
in the conference room.
You gonna keep skirting around it?
Why sell our company?
We make a great return.
We give money to the causes we believe in
that we know are important.
We love what we do.
My darling, you are still in your 20s. Lam 60.
That is a huge difference of point of view.
Dad?
Yes?
You are not old.
Last year was our best year.
It catches up, all right?
some other things I'd like to do.
Maybe I would like to
spend a little more time with you guys.
Outside the office.
What?
I'm just trying to imagine what we would do.
Where are you going?
The office.
Now?
Yeah. I've got to finish up that thing.
But...
I haven't given you
I'll come back as soon as I can.
Just keep it.
Yeah, Gavin. It's me. When you get this
could you call Chris Vogler at Fremaut?
Tell him that I need to talk to him
right away. Thanks.
Hey.
What's wrong?
The same.
I'm sorry. I'm sorry I'm late.
I'm always late. You know that. I'm sorry.
And I'm always saying I'm sorry, but...
it doesn't mean I wouldn't rather
be here with you.
The show's going to be beautiful.
You gonna be there?
I will be there.
That's great.
I made this for you.
You made this?
This is amazing.
One candle. Thank you very much.
I want you.
He's waiting.
Thank you, Diane.
So?
I'm here.
Guess what's not?
Jeffrey, I told you. I'm working on it...
You're working on it? Yeah.
I'm working on it.
While you're doing that
let me tell you what's not working.
Okay.
What's not working is my $412 million
that's sitting in your accounts
so you can pass your audit.
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"Arbitrage" Scripts.com. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.scripts.com/script/arbitrage_3062>.
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